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ARTICLE · 04 FEBRUARY 2013

Second Petroleum Bid Round In Myanmar

Jones Day
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The Government of the Republic of the Union of Myanmar has invited bids for 18 onshore oil and gas blocks in what is to be Myanmar's second international petroleum licensing round.

United StatesInternational Law
Jones Day
Jones Day
Benjamin McQuhae
Benjamin McQuhae
Darren Murphy
Darren Murphy
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On January 17, 2013, the Government of the Republic of the Union of Myanmar ("Myanmar"), through its Ministry of Energy, invited bids for 18 onshore oil and gas blocks in what is Myanmar's second international petroleum licensing round (the "2013 Bid Round"). 15 of the blocks are to be awarded through Production Sharing Contracts and three through Improved Petroleum Recovery Contracts. Expressions of interest in the 2013 Bid Round are required not later than two months after the date of the invitation.

The 2013 Bid Round follows much publicized measures to improve Myanmar as a foreign investment destination, including the promulgation of Myanmar's new Foreign Investment Law, signed into law on November 3, 2012, and the easing of economic sanctions by the United States,1 the European Union, and other nations.  The 2013 Bid Round should also be considered against the backdrop of previous Production Sharing Contract awards in Myanmar, including those arising from an

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